Lemmy Shitpost
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Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
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All communities included on the sidebar are to be made in compliance with the instance rules. Striker
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This comment actually made me think and look it up. I never thought about this. Why is gold valuable?
Yeah you were basically right. Because societies decided it would be. I mean gold has some practical applications but nothing that would justify it's price.
First link I found says this:
Gold's value is ultimately a social c- onstruction; its worth is sustained by ourcollective agreement about its importance and our belief in its future value.
Gold's physical properties—its lustrous quality, relative scarcity, durability, and difficulty of extraction—reinforce and justify its perceived value.
Unlike other precious metals, gold strikes a balance of being rare enough to be precious but abundant enough to serve as a practical medium of exchange.
So I guess rare enough yet abundand enough and durable enough.
Wild tbh
Btw, we just transmuted our first gold just recently.
Planet money had great episode on this topic if you're interested https://www.npr.org/2024/05/15/1197959089/-price-of-gold-periodic-table-elements